Aster Capital Management DIFC Ltd Sells 4,718 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Aster Capital Management DIFC Ltd reduced its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 93.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316 shares of the home improvement retailer's stock after selling 4,718 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Lowe's Companies were worth $78,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOW. United Bank boosted its position in Lowe's Companies by 1.4% during the third quarter. United Bank now owns 10,099 shares of the home improvement retailer's stock valued at $2,735,000 after buying an additional 137 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Lowe's Companies in the 3rd quarter valued at about $205,000. Zacks Investment Management boosted its holdings in Lowe's Companies by 7.4% during the 3rd quarter. Zacks Investment Management now owns 3,166 shares of the home improvement retailer's stock valued at $858,000 after acquiring an additional 217 shares during the period. LRI Investments LLC grew its position in Lowe's Companies by 23.8% during the 3rd quarter. LRI Investments LLC now owns 2,309 shares of the home improvement retailer's stock worth $624,000 after acquiring an additional 444 shares during the last quarter. Finally, Continuum Advisory LLC increased its stake in Lowe's Companies by 69.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,389 shares of the home improvement retailer's stock worth $376,000 after purchasing an additional 568 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Piper Sandler dropped their price objective on Lowe's Companies from $296.00 to $269.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Bank of America dropped their price target on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, February 26th. Mizuho dropped their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Finally, Truist Financial cut their target price on Lowe's Companies from $295.00 to $258.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $278.74.

Lowe's Companies Stock Performance

Shares of LOW traded down $1.09 during mid-day trading on Friday, reaching $220.11. The company had a trading volume of 2,903,271 shares, compared to its average volume of 2,463,645. The company has a market capitalization of $123.20 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07. The firm has a 50-day moving average price of $236.25 and a 200 day moving average price of $254.29. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.60 annualized dividend and a yield of 2.09%. Lowe's Companies's dividend payout ratio (DPR) is presently 37.67%.

Lowe's Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.